IMF chief pleased over Sri Lanka reaching staff-level pact for US$ 2.9 Billion
Posted by Editor on September 4, 2022 - 1:05 pm
![Kristalina Georgieva - IMF chief](https://www.onlanka.com/wp-content/uploads/2022/05/kristalina-georgieva.jpg)
Kristalina Georgieva – IMF chief
Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva today said she is very pleased that IMF staff and Sri Lankan government officials have reached a staff-level agreement to support the country’s economic policies with a 48-month Extended Fund Facility of about US$ 2.9 billion.
“This is an important step forward for Sri Lanka,” she said in a twitter message on Sunday.
The IMF on Thursday announced that it has reached a staff-level agreement with Sri Lanka, in a first step before extending a $2.9 billion loan package that the Fund has made contingent on assurances from the island nation’s creditors.
Latest Headlines in Sri Lanka
- Sri Lanka’s security chiefs instructed to ensure safety during Presidential Election July 26, 2024
- Sri Lankan Prime Minister says President cannot appoint acting IGP July 26, 2024
- Bonds placed for Ranil Wickremesinghe to contest Sri Lanka’s Presidential Election July 26, 2024
- Sri Lanka announces 2024 Presidential Election date July 26, 2024
- 22% of Sri Lankan households in debt; 14.2% job losses from economic crisis July 25, 2024
Good news to all innocent Sri Lankans. It is good that IMF is trying to reduce expenditure & increase income through higher tariffs on electricity, water & vat, etc on poor persons daily essential retail items. The big question among the ordinary public now is whether IMF will do some thing to reduce the o of ministers, deputy ministers, state ministers & expenditure on 225 MPs in our democratic Parliament. All hope, certainly they will look into this !